The Wall Street Journal is reporting that one of Goldman Sach's (GS) most senior institutional bankers, Ken Wilson, is temporarily leaving the firm to advise U.S. Treasury Secretary Hank Paulson on how to resolve the country's current banking crisis.* Mr. Wilson, 61 years old, is temporarily leaving his post as chairman of Goldman's Financial Institutions Group and is expected to serve the administration without pay, in a period through January 2009
* President George W. Bush made a personal call to Mr. Wilson in recent days, asking him to assist Mr. Paulson
* Prior to becoming the U.S. Treasury Secretary (May 30th, 2006), Hank Paulson served as CEO of Goldman Sachs from 1999-2006
http://online.wsj.com/article/SB121660908385169563.html?mod=googlenews_wsj
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THE GS IN$IDE BOYS:
* Per Wikipedia, Paulson and his three immediate predecessors as CEO of Goldman Sachs — Jon Corzine, Stephen Friedman, and Robert Rubin — each have left the company to serve in GOVERNMENT:
- Jon Corzine as a U.S. Senator (now Governor of New Jersey)
- Stephen Friedman as chairman of the National Economic Council (later chairman of the President's Foreign Intelligence Advisory Board)
- Bob Rubin as both chairman of the National Economic Council (later, U.S. Treasury Secretary under President Bill Clinton)
- Hank Paulson as current U.S. Treasury Secretary under President George W. Bush
Data Courtesy: WSJ + Wikipedia
Full Disclosure: I own shares of GS.
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